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The federation said its annual survey showed land availability was the biggest constraint on supply, followed by lack of finance and then planning permission.
This is "sprawl to the wall .But, as Joel Kotkin and Thomas Tseng argue in a study on Latinos and the housing market, the constraint on supply also has a political dimension.
It's true that a constraint on supply can lift prices.
"That'll actually provide some constraint on supply, but that's a couple years down the road.
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At the moment, the main constraint on supplying safe drinking water is lack of money.
But there is little question that constraints on supply matter.
Another sector with constraints on supply is industrial real estate.
"The markets with the strongest constraints on supply over the long term will be the healthiest".
Turnbull blamed housing unaffordability on constraints on supply, which he said were caused by state and local governments.
It defies logic, say the bears, that its price should remain so high without any fundamental change in the sources of demand or constraints on supply.
The phrase "constraints on supply" alludes to the difficulty of winning full site control and public approvals, and in multifamily development already completed or put into construction in the metropolitan area AvalonBay has had its share of these difficulties.
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